Make sure to have compliance with loan requirements and have a plan for managing the property while away.Good luck!

You may also be acquiring leases that you don't want to be stuck in.Generally if you acquire LLC units, you will be able to at least get a federal basis step up in the underlying assets.Also generally when you acquire LLC units, most states still trigger real estate transfer taxes. 

Aside from the fact that I control my money and don’t pay fees for using it - I also avoid UDFI tax which is triggered by UBIT in syndicated deals.  

Even though they do a lot of the heavy lifting on sourcing and analyzing deals, I would never pull the trigger if I hadn't run the numbers myself.

. - Make sure you are surrounded with pros who's taking care of your financial compliance, SEC compliance, IRS compliance, legal compliance, etc. - Understand syndication structure that you want to offer.

Homeowner believes they can threaten lawsuit based on Dodd Frank, CFPB non compliance, DTP, etc., and obtain “better” result4.

One more tip – people remember stories that trigger their emotions.

Finally, another offer and another nit-picky list of non consequential stuff to fix (including a small tear in a window screen and a front step that had settled and was now 1/4 inch lower and out of compliance)!

You are heading in the right direction to get the financing options laid out and then find the deal so you can pull the trigger for the right one.As far as HML options be sure you get all the details before signing anything . . interest rate, payment terms, what if you need to extend, points up front, etc

Can be severe penalties just like city STR restrictions, maybe $100s/day and legal expenses to force compliance.